If You Don’t Do This, You Have Too Much Money

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It is full-on spring, which means we are cleaning up our yard, planting the garden, tackling projects that waited patiently all winter, and literally attacking the girls’ closets since at least 50% of what fit when summer ended last year does not fit now that warmer weather is again here to stay. These girls are growing faster than the flowers I can guarantee!

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All this seasonal change and purging means there is new yard equipment, shoes, shorts, sunglasses and more that ends up on the “must purchase” list. Expenses are rarely fun, but minimizing the price while maximizing the benefits of the expenses we do have is sort of my hobby.

Along those lines, I have written about the Citi Price Rewind feature more than once, but it just keeps getting better and better for us. It is to the point that if you aren’t using Citi Price Rewind at least periodically to find lower prices for your purchased items, you either don’t spend very much in eligible purchase categories (and good for you!) or you simply have too much money to bother. Unless money is falling out of your ears, “I don’t have time” is just not a valid reason to not be using Citi Price Rewind as it literally takes less than a minute to enter most purchases and you can save very real amounts of cash.

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Clothes, shoes, small electronics, and household appliances/decor are our usual Citi Price Rewind items, but you can use price tracking for pretty much anything you charge to your Citi card except:

  • Boats, cars, aircraft, or any other motorized land, air or water vehicles and their original equipment. Tires are eligible.
  • Products that can spoil or be consumed, such as food, fuel, or medications.
  • Jewelry including loose gems, precious stones, metals and pearls. Watches are eligible.
  • Tickets of any kind (e.g., for airlines, sporting events, concerts or lottery).
  • Collectable items; including but not limited to, antiques, coins, art, sports memorabilia or stamps.
  • Items purchased for resale use.
  • Plants or animals, including stuffed or mounted animals or fish.
  • Advice or services for a purchased item, such as product installation, labor, maintenance or repair.

You can get up to $500 back per item, and up to $2,500 per year via this Citi benefit. As you can see below, my three most recently Citi Price Rewind tracked purchases are all coming up winners. The $0.01 savings may be insignificant, but the $212.52 and the $85.01 savings are very significant and and amount to well over 50% of what I paid for those items in the first place! Exact items hidden to protect the innocent shopper (me) from potential internet or spousal judgement.

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Whether you bought a computer, shoes, a watch, a new vacuum, tires, or whatever, if you think it may go on sale in the 60 days after purchase, I highly recommend charging it to a Citi card and taking the 1 minute or less to enter the item in their Price Rewind website. The website then does the tracking, notifies you if a lower price is found, and then you can just upload a screenshot or photo of your receipt to the website and get a statement credit directly to your Citi credit card. You can also upload the receipt at the front-end of the process if that is easier for you and then there is nothing else to do but cross your fingers and wait 60 days to see what if a lower price is found.

The Citi Price Tracking tracking system is not perfect and I have found lower prices that it did not, so go in with appropriate expectations. You can manually submit those claims when you find a lower price, or just don’t spend an extra second on it and be happy with what the Price Rewind website does find.

I’m thrilled with several hundred dollars in statement credits in the last couple of months alone. Less money on stuff means more money to travel, or save, or whatever!

Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.

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Comments

  1. Sounds like a good deal for folks who have too much money and don’t comparison shop to obtain best pricing —–

    • Except things go on sale after purchase even if you bought via best deal at the time. Great companion to comparison shopping.

  2. Ugh, Summer that’s a borderline (actually, no totally) click bait’y title. I know Gray is a sort of mentor, and deservedly so, but please don’t follow his SEO technique to the letter. If I see a “10 best Maui restaurants, you won’t believe number 7!” title, I’ll know you’ve turned to the dark side…

    • Haha. I’m just really that excited by this and think it can save 98% of us real money. Sorry if it isn’t that level of awesome for everyone.

  3. There is actually an app that automates this for you and works with all Citi and Chase cards: Earny. It auto-requests price protection refunds and keeps a commission of 25%. The only drawback is that you have to provide it with your Amazon and e-mail credentials, which is why I created a separate e-mail address to use with it. Nonetheless, it is extremely useful.

    If possible, I’d appreciate the use of my link to signup. You would then get your own link (like with Uber):

    https://earny.app.link/3RlMdkkP1B

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